Interactive Mortgage Advisors, Denver, is offering a $128.8 million package of bulk servicing rights tied to Freddie Mac loans that at the present time have no delinquencies whatsoever.
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The package is so new that there are 266.7 months left on the notes compared to an original term of 275.7 months. The average FICO score on the loans is 759. The bid deadline is mid-March.
IMA would not provide the name of the selling institution. A majority of the underlying mortgages were originated in Louisiana, Tennessee, and Texas.
Meanwhile, in other servicing deals, HSBC Bank USA is still analyzing bids on its $60 billion pool of residential servicing rights. Servicing advisors said they have heard no update on the sale in two weeks.
